Sep 2, 2020 SOURCE: AFP
Britain clears Virgin Atlantic's £1.2 bn rescue
Britain's High Court on Wednesday cleared a £1.2-billion rescue of struggling airline Virgin Atlantic, part-owned by British tycoon Richard Branson and which has been hit badly by the coronavirus pandemic.
The private recapitalisation, worth $1.6 billion or 1.3 billion euros, was approved by the carrier's creditors last week.
The Virgin...
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